Duncan’s Economic Blog

How bad it is

Posted in Uncategorized by duncanseconomicblog on May 27, 2009

The International Energy Agency now expects the first fall since 1945 in global electricity use.

This is a serious global recession.

electricity

4 Responses

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  1. VinoS said, on May 27, 2009 at 5:11 pm

    Does this mean its a deeper recession, though, or that firms/households are becoming energy-efficient?

    • duncanseconomicblog said, on May 27, 2009 at 5:25 pm

      I suspect the former. The latter would be welcomed.

  2. Mr. Mxyzptlk said, on May 27, 2009 at 5:18 pm

    isn’t that a good thing for Global warming?

    • duncanseconomicblog said, on May 27, 2009 at 5:24 pm

      Mr Mxyzptlk,

      It probably is. But I would rather we helped the environment through switching to greener technology than through simply not producing things.

      I’d welcome this if it wasn’t assocaited with crashing production and prosperity.


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